~interesting read, but I wish they gave more #s to show~ Are Tax Reforms Worth the SALT in High-Priced Markets? An analysis released by real estate insights and analytics firm HouseCanary, has estimated the effects of the tax reforms bill on the housing market across major metropolitan and suburban areas (MSA) especially when it came … Continue reading Are Tax Reforms Worth the SALT in High-Priced Markets?
New tax laws may kill the beach house dream Dreaming of a beach house? You might want to think twice about that, given tax changes that just kicked in will make owning a vacation home more costly and may tank the resale value of the second-home market. Prices could drop about 10 percent in some … Continue reading New tax laws may kill the beach house dream
How your taxes will change under the GOP tax plan depends on many factors President Trump has hailed the GOP tax plan as a "giant tax cut" for the middle class. While many people will pay less tax in the next few years, just how much less will vary greatly. Plus, some individuals will end … Continue reading How your taxes will change under the GOP tax plan depends on many factors
The 5 breaks you'll miss most if the GOP tax bill passes Get ready to lose a handful of your favorite tax breaks under the GOP tax bill. The legislation, known as the "Tax Cuts and Jobs Act," doubles the standard deduction from its current levels of $6,350 for singles and $12,700 for married couples … Continue reading The 5 breaks you’ll miss most if the GOP tax bill passes
Real Estate Agents Mobilize to Shield Homeowners on Tax Plan For decades, the real estate industry has benefited from generous tax deductions that raise home values by making it cheaper for people to own property and shoulder their local taxes. Now, as the Republican tax plan makes its way through Congress, the industry is worried … Continue reading Real Estate Agents Mobilize to Shield Homeowners on Tax Plan
Mortgage Interest Deduction Safe in New Senate Tax Bill The proposed tax overhaul isn’t a done deal just yet. While the House Republicans’ bill was approved on Thursday by the House Ways and Means Committee, the Senate Finance Committee unveiled its own version that is sure to cause delays in a tax reform resolution. After … Continue reading Mortgage Interest Deduction Safe in New Senate Tax Bill
~ very important ~ GOP's tax plan would have a huge impact on how you buy a home The GOP's new tax plan would deal a blow to many would-be homeowners. The 429-page Tax Cuts and Jobs Act was revealed Thursday and is being billed as a boon for hardworking middle-class Americans. But Republicans have proposed … Continue reading GOP’s tax plan would have a huge impact on how you buy a home
It Gets Stranger: How Trump’s Tax Plan Impacts Homeowners & Real Estate Investors ~ great post from a blog I follow! ~ Sound the controversy bells! Politics, economics, and real estate ahead! Except—wait a second. What is this odd intersection of liberal economic arguments and Trump’s tax proposal? Something strange is afoot. The Trump tax … Continue reading It Gets Stranger: How Trump’s Tax Plan Impacts Homeowners & Real Estate Investors
The votes are in: MID elimination will drive down home prices, but for how long? Our readers are divided over how eliminating the mortgage interest tax deduction (MID) will impact home prices, according to our recent poll. Nearly half of voters — 45% — believe prices will decrease but eventually level out, while 42% think … Continue reading The votes are in: MID elimination will drive down home prices, but for how long?